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My husband and I are on the verge of tackling our first house flip but need to build up a team of reliable and experienced professionals to call on — a leading person in this group is obviously a good realtor. The agent who sold us our first (and current) home is nice enough but SUCH a naysayer on investment properties. So she is out! How can I track down someone who is proven, efficient, and worth their commission?

I have two answer.

1) If put back to settlement, it is not taxable. It only reduce your purchase price, when you sell your investment property, you have to pay tax. You only need to pay tax if you get check directly from the builder.

2) Another group think 1) only apply to second home. For realtor buy investment property, even realtor put rebate back into settlement, they still have to claim it as income and pay tax on it.

Which one is true, any website as support document? Thanks.

If the law will be different from state to state? I am in Maryland.